|
Re: Dollar trends
I dont really create any trading biases. Use price and time. Those are the only two facts you know and all you can really do is react to them. However, I do like to analyze positions. The equity markets are severly getting beaten and I see that as a precursor to the fact that Greeny ol'boy is gonna keep on raising rates. I think the FX markets are just factoring in some irrational ideas that rate increases will stop which I believe wont be true. However, the Brits may increase rates after the red hot news hitting the market monday this week. This may lead to a decrease in the spreads in which the markets will really decide whether they view GBP rate increase more importantly than US ones. Its a dynamic environment where you must shift your positions at all times to be agile, flexible, and importantly profitable.
|